BUSINESS

Moody’s downgrades Japan’s credit rating

Moody’s downgraded Japan’s credit rating, citing the country’s weak growth prospects, massive government debt and constant political uncertainty, CNN informs. The cut in Japan’s government bond rating Wednesday to Aa3 from Aa2 puts the country three notches below Moody’s top Aaa rating. Moody’s Investors Service said the outlook for the rating…

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